Surf Air

Valuation $0.05B

About Surf Air

Surf Air is a membership airline that offers first-class travel on executive aircraft.

Headquarters USA, Hawthorne
Founded 2012-11-05
Industry Air Transportation, Delivery, Logistics, Transportation, Travel
Last Funding Type Post Ipo Debt
Valuation 0.05
Total Funding $648.85 million dollars
IPO Status Public

Financial

Surf Air Mobility reported financial results for the fourth quarter and full year ended December 31, 2023, indicating financial growth. The company also entered a bilateral agreement with Electra to bring eSTOL aircraft to market and incorporate Surf Air technology into joint systems, creating a leasing partnership. Additionally, Surf Air Mobility appointed a new President of Air Mobility and a new President of Hawai’i Operations.

Surf Air Mobility Inc. announced the appointment of new presidents for its Hawai’i and Air Mobility operations. The company also reported first quarter 2024 revenue growth above guidance and a CEO transition. Additionally, Surf Air Mobility began scheduled commuter services in collaboration with Purdue University and participated in Palantir Technologies’ AIPCon. The stock rating was downgraded by Bernstein SocGen Group due to financial risks.

Funding Rounds 18
Number of Lead Investors 9
Total Funding Amount  $648.85 million dollars
Number of Investors 28

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